RIVERWALK APARTMENTS

UPPER CIRCULAR ROAD
RESALE CONDODistrict 01
Fort Canning MRT · 1 min walk (115m)RCR99 yrs lease commencing from 1980
Gross Yield
3.2%
Median Rent
$3,902
per month
Total Units
118
2Y PSF Change
+6.6%
12 txns in 24m
Lease Remaining
53 yrs
99 yrs lease commencing from 1980
Median PSF
1,691
10.7% QoQ
Total Sales
26
since 2021-02
Price Range
$1.2M$2.6M
all-time
Unit Size
1,134 sqft
Floors 621
PSF MOVEMENT ALERT — 2026-Q1
Median PSF rose 10.7% quarter-on-quarter (from $1,772 in 2025-Q4 to $1,962 in 2026-Q1). Only 1 transaction this quarter — the move likely reflects thin volume rather than a trend shift.

UrbanLens Analysis

At $1,650 PSF, RIVERWALK APARTMENTS prices NaN% below the District 01 median. Being 1 minutes on foot from Fort Canning MRT (115m) adds genuine convenience and supports the pricing.

The 6.6% gain in two years signals steady demand -- solid, not speculative. With 12 deals in two years, the pricing data has reasonable statistical weight.

Around 53 years remain on the lease. Financing is still available, but the exit window narrows with each passing year. Factor this into any holding period beyond 15 years. At 3.2% gross yield versus the RCR average of 0.0%, rental returns are above-market. The $3,902/month median rent makes this genuinely compelling for income investors.

The 118-unit size hits a practical sweet spot -- enough scale for decent facilities without the oversupply risk of mega-developments. The city-fringe location offers genuine accessibility without core-district pricing, which is the fundamental upgrader value proposition.

PSF Trend

Quarterly
2,261
2024-Q1
1,575
2024-Q2
1,474
2024-Q4
1,650
2025-Q1
1,366
2025-Q2
1,619
2025-Q3
1,772
2025-Q4
1,962
2026-Q1

Recent Transactions

Data refreshed monthly · Last transaction: Feb 2026
DatePriceSizePSFFloor
Feb 2026$1,605,000818 sqft$1,96211-15
Nov 2025$1,460,000818 sqft$1,78516-20
Oct 2025$1,450,000818 sqft$1,77221-25
Oct 2025$1,435,000818 sqft$1,75406-10
Aug 2025$2,000,0001,259 sqft$1,58821-25
Aug 2025$1,350,000818 sqft$1,65011-15
Jun 2025$1,720,0001,259 sqft$1,36611-15
Jan 2025$1,350,000818 sqft$1,65006-10
Oct 2024$2,380,0001,615 sqft$1,47411-15
May 2024$2,560,0001,615 sqft$1,58611-15
Showing 10 of 26 transactions

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